XDB Chain to Power Sandbox-Branded Cryptocurrency and Enhance Education Sector’s Transition Towards Web3
The London-based group Sandbox Group has partnered with XDB CHAIN, an easy-to-use open-source blockchain, to develop a branded cryptocurrency for use across Sandbox’s portfolio of digital products and services. This cryptocurrency will serve as a medium of exchange, enabling transactions, rewards, and incentives. It aims to address challenges in the education sector’s digital transformation by providing a secure and transparent ecosystem.
Integration into Sandbox Group’s Portfolio
The launch of the new branded cryptocurrency marks a significant development in blockchain technology as it will be integrated exclusively into Sandbox Group’s brands and services, including Kidomi and Code Kingdoms. XDB CHAIN’s Branded Coins concept allows multiple brands to collaborate using the same technology stack, providing progressive benefits and an enhanced user experience in web3.
“We’re thrilled to announce the launch of the new cryptocurrency which will enhance our existing Sandbox Group products and offer unique incentives to our users,” says Shan Eisenberg, Chief Commercial Official of Sandbox Group. “Our decision to mint the cryptocurrency exclusively on the XDB CHAIN stems from their innovative approach to blockchain technology.”
Partnership Benefits
Daniele Mensi, CEO of XDB FOUNDATION, expresses excitement about partnering with Sandbox Group as a means to address challenges in the cryptocurrency industry such as mass adoption and user experience. By integrating this new cryptocurrency into Sandbox Group’s product ecosystem that reaches millions of users worldwide, they aim to encourage widespread acceptance of cryptocurrencies for real-world use cases.
Future Launch
The official whitepaper for the new cryptocurrency will be released later this month, revealing its name and other details. The launch is expected in early 2024.
For more information, please contact:
Sara Sciusco: Marketing Manager [email protected]
Agnes Lesti: Communications and Partnerships Manager [email protected]
About Sandbox Group
Sandbox Group is a London-based network of learning businesses that seeks to build and support a diverse family of brands and services. Their businesses operate at the intersection of digital, learning, and media industries, offering products like Code Kingdoms, Hopster, and Leiturinha. With a commitment to providing an unparalleled ecosystem of edutainment products, Sandbox Group currently reaches over 65 million children, parents, and teachers.
About XDB CHAIN
XDB CHAIN aims to propel the blockchain industry forward by embracing novel use cases and nurturing collaborative communities. As a project and community, they strive to push the boundaries of technology and empower consumers of tomorrow.
Hot Take: Revolutionizing Education with Blockchain Technology
The partnership between Sandbox Group and XDB CHAIN represents a significant step towards revolutionizing the education sector through blockchain technology. By integrating a branded cryptocurrency into Sandbox’s digital products and services, users will have access to seamless transactions, rewards, and incentives. This collaboration not only enhances the user experience but also promotes the widespread acceptance of cryptocurrencies in real-world scenarios. With the launch of this new cryptocurrency expected in early 2024, the education sector can look forward to embracing the benefits of web3 and experiencing the transformative power of blockchain technology.
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